John H. Lewis, Osmium Partners Increase Stake in Spark Networks Inc (LOV)

John H. Lewis and Osmium Partners, LLC have increased their investment in Spark Networks Inc (NYSEMKT:LOV). According to a recent filing with the Securities and Exchange Commission, Lewis and Osmium Partners hold a little over 3.6 million shares, up from 3.47 million shares reported in their latest 13F filing. The current position accounts for 15.1% of the company's common stock. Spark Networks Inc (LOV) Several hedge funds that we track also have Spark Networks Inc (NYSEMKT:LOV) in their equity portfolio. North Run Capital, managed by Thomas Ellis and Todd Hammer, currently holds 1.7 million shares valued at $14.4 million. J. Carlo Cannell is also invested in this stock. His fund, Cannell Capital, reported ownership of 530,341 shares worth approximately $4.4 million in its latest 13F filing. Whitney Tilson has decreased his fund's holding of this stock by 6% during the third quarter of 2013. Nevertheless, T2 Partners continue to hold 451,764 shares valued at $3.76 million, a position which accounts for 5.9% of the fund's equity portfolio. Spark Networks Inc (NYSEMKT:LOV) offers online personals service. The company's 2013 stock chart resembles a roller coaster, topping at $9.27 per share in May. Shares are currently trading at a price of $5.6, well below the start-of-the-year opening price of $7.76. The company has a market cap of $134 million and a beta of 0.11, which makes it a very stable one. On November 13 the company reported third quarter financial report. For the three months ended September 30, 2013, Spark Networks posted revenues of $17.3 million, a 9.3% year-over-year increase, and a loss per diluted share of $o.11. For the current quarter, the company is expected to register revenues of $16.9 million and a loss per share of $0.15. Analysts are bullish on this stock, recommending it as a strong buy and having set a price target of $10 per share. Disclosure: none Recommended reading: Mohnish Pabrai, Dalal Street Up Their Stake in Horsehead Holding Corp (ZINC) Coliseum Capital Buys Even More Accuride Corporation (ACW) Shares Activist Carl Icahn Gets Two Representatives on Hologic, Inc. (HOLX)’s Board
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